Coinbase Listing and Trading Disclosure
👋 Request enthusiasts,
We are pleased to announce that REQ is now trading on the Coinbase exchange.
Coinbase users can now buy, sell, convert, send, receive or store REQ in the following currency pairs: REQ-USD, REQ-USDT, REQ-BTC, REQ-EUR, and REQ-GBP. Users can transfer REQ into Coinbase Pro accounts ahead of trading. Support for REQ will be available in all Coinbase’s supported jurisdictions.
Launched in 2017, Request Network lets users send, receive and pay invoices on decentralized networks. Businesses using crypto can easily issue and track the status of their invoices sent through the automated platform within minutes. Its utility token, REQ, powers the network.
For more information please view the official REQ listing announcement on the Coinbase blog.
Request Foundation is a Swiss non-profit entity which leads the core development work on the Request Network protocol (the “Foundation”).
The Foundation also oversees the economics of the native token (“REQ”), with the goal of incentivizing: (i) community development of apps on the protocol like Request Invoicing, and (ii) users’ participation in the governance of the Request protocol.
In line with this mandate, the Foundation may in the future engage in the buying and selling of REQ on public markets on a discretionary basis, and has in the past purchased (but not sold) REQ from the open market.
We are committed to preventing the artificial manipulation of the price of REQ, and at all times comply with Coinbase’s anti-manipulation requirements, including but not limited to:
- Providing advance public disclosure in a permanent format, such as a blog post, whenever the Foundation plans to engage in the trading of its own tokens, explaining the purpose and methodology of such transactions;
- Limiting the daily volume of such transactions (as measured from 12:00 AM UTC to 11:59 PM UTC) to 25% of average daily US dollar volume of the trailing 30 days, as measured by coinmarketcap.com, across all markets globally; and
- Prevent the purchase of REQ by the Foundation at a price greater than the highest (i) last transacted price or (ii) the current bid; and sale of REQ by the Foundation at a price lower than (i) the lower of the last transacted price or (ii) the current offer.
The Request Foundation’s mission is to re-invent how we experience payments, rebuild trust and integrity in the financial industry and be at the forefront of financial inclusion. We inspire and educate developers, partners, and authorities to use the Request Network and build an ecosystem of financial applications together that is open source, seamless and interoperable.
Through our suite of financial Dapps dedicated to crypto-first companies, we’re building a network that connects businesses around the world, giving them ways to make business at the speed of the internet.
Our first product, Request Invoicing, allows any business and organization to bill and receive payments in both traditional currencies and digital ones such as USDC, DAI and USDT among many others in the list.
Ready to Pay and Get Paid in Cryptocurrency?
👉 Sign Up Now for Request Invoicing
Content Lead at Request
Originally published at https://request.network on August 19, 2021.